DL E&C has secured a contract for the construction of a 500MW combined heat and power plant in Asan, valued at 244.1 billion won.
On August 21, DL E&C announced that it signed a contract with the Korea Western Power Consortium for the Asan combined heat and power plant project. The contract amount is 244.1 billion won, which represents 3.30% of DL E&C's projected consolidated revenue of 7.4 trillion won for 2025.
The project involves constructing the plant at 2133 Jangjae-ri, Baebang-eup, Asan, in South Chungcheong Province. The total contract value is 287.2 billion won, with DL E&C holding an 85% share. The contract amount excludes value-added tax.
The construction period is set from April 30, 2027, to April 30, 2030. These dates are based on the actual start and completion dates, and the contract amount and duration may change depending on the progress of the work. Payments will be billed and received every 30 days based on the progress of the construction, without any upfront payments.
This contract marks a significant achievement for DL E&C in securing large-scale projects in the power plant sector. The construction of the 500MW combined heat and power plant is expected to provide stable work opportunities in the plant business.
Previously, on August 13, DL E&C disclosed key management matters regarding the investment decision for the Asan combined heat and power plant project. Following the signing of the actual construction contract, the company announced the details of the single sales and supply contract.
* This article has been translated by AI.
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